Falcon is a global energy company with projects in Hungary, Australia & South Africa

Developing large acreage positions of unconventional and conventional oil and gas resources

Free
Message: Market Wrap

I think the share price will never rise to ridiculous numbers and here are my thoughts:

1./ It was very obvious that 50 cents was too cheap a ticket for upcoming testing on the szolnok

2./ The ticket price will be determined early next week. The price will be determined by the big shareholders on what they really believe are the chances of initial testing.

3./ Yes i believe about 90 cents approx. is reasonable, thats why i loaded up extremely heavily again at 28 cents waiting for this to occur.

4./ Personally from the data i believe the szolnok will be successful, but in the short term i would certainly not rule out more initial problems in the testing that delays the final results for months. Also the results will not be hyped or deemed material by exxon as in their opinion will be possibly inconclusive on the initial workings that may drive the markets crazy on the 30 to 90 days occuring. But remember each bcga is different and the jist of it being so could cause wise delays and a learning curve even for exxon.

5./ Lastly if exxon and mol do come up with a decision that shes definitely a go they will get rid of falcon with an offer, as falcon has nothing to offer in the grand scheme of things. So it will come down to a vote of the controlling shareholders. My guess the controlling shareholders will vote for a price thats reasonable and run. They may take a price like about $10 cause its in HUNGARY ETC.. again this is very speculative on my part, but i don't think we will ever see lofty numbers, unless we retain beetaloo in the process and have success on our own in a more stable country.

6./ GENERALLY shareholders are not going to drive up ridiculous prices in this globally distressed market. The best price will be determined by a hostile or a competing bid by exxon who knows the play well as time goes on.

7. Again these are jmo's to be taken with a grain of salt LOL !

Atb

Sandy9









Share
New Message
Please login to post a reply